-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FqN0E7WUlpwQHI+2RkKEpkbAq/HMFXeZqUuyWv/ew8JL8+KKzTyU985ZkEXCtPBD xnUwHYpVRC6KfJh3fk2gng== 0001364132-06-000058.txt : 20061031 0001364132-06-000058.hdr.sgml : 20061031 20061031152839 ACCESSION NUMBER: 0001364132-06-000058 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061031 DATE AS OF CHANGE: 20061031 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRINCIPAL INVESTORS FUND INC CENTRAL INDEX KEY: 0000898745 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 SEC ACT: 1934 Act SEC FILE NUMBER: 811-07572 FILM NUMBER: 061175407 BUSINESS ADDRESS: STREET 1: PRINCIPAL FINANCIAL GROUP STREET 2: 711 HIGH STREET CITY: DES MOINES STATE: IA ZIP: 50392-2080 BUSINESS PHONE: 515-247-5476 MAIL ADDRESS: STREET 1: PRINCIPAL FINANCIAL GROUP STREET 2: 711 HIGH STREET CITY: DES MOINES STATE: IA ZIP: 50392-2080 FORMER COMPANY: FORMER CONFORMED NAME: PRINCIPAL SPECIAL MARKETS FUND INC DATE OF NAME CHANGE: 19930714 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WM STRATEGIC ASSET MANAGEMENT PORTFOLIOS CENTRAL INDEX KEY: 0001011114 IRS NUMBER: 954584965 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: WM GROUP OF FUNDS STREET 2: 1201 THIRD AVENUE, 22ND FLOOR CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 206-461-2413 MAIL ADDRESS: STREET 1: WM GROUP OF FUNDS STREET 2: 1201 THIRD AVENUE, 22ND FLOOR CITY: SEATTLE STATE: WA ZIP: 98101 FORMER COMPANY: FORMER CONFORMED NAME: SIERRA ASSET MANAGEMENT PORTFOLIOS DATE OF NAME CHANGE: 19960726 FORMER COMPANY: FORMER CONFORMED NAME: SIERRA ASSET MANAGEMENT TRUST DATE OF NAME CHANGE: 19960322 CENTRAL INDEX KEY: 0000898745 CENTRAL INDEX KEY: 0001011114 S000000913 CONSERVATIVE BALANCED PORTFOLIO C000002621 CLASS A SAIPX C000002622 CLASS B SBIPX C000002623 CLASS C SCIPX C000018570 CLASS R-1 C000018571 CLASS R-2 S000000914 STRATEGIC GROWTH PORTFOLIO C000002624 CLASS A SACAX C000002625 CLASS B SBCAX C000002626 CLASS C SWHCX C000018572 CLASS R-1 C000018573 CLASS R-2 S000000915 FLEXIBLE INCOME PORTFOLIO C000002627 CLASS A SAUPX C000002628 CLASS B SBUPX C000002629 CLASS C SCUPX C000018574 CLASS R-1 C000018575 CLASS R-2 S000000916 BALANCED PORTFOLIO C000002630 CLASS A SABPX C000002631 CLASS B SBBPX C000002632 CLASS C SCBPX C000018576 CLASS R-1 C000018577 CLASS R-2 S000000917 CONSERVATIVE GROWTH PORTFOLIO C000002633 CLASS A SAGPX C000002634 CLASS B SBGPX C000002635 CLASS C SCGPX C000018578 CLASS R-1 C000018579 CLASS R-2 425 1 form425wmgf1027.txt LETTER TO INVESTMENT REPRESENTATIVES RE FUND MERGERS Filing by WM Trust I, WM Trust II and WM Strategic Asset Management Portfolios, LLC pursuant to Rule 425 of the Securities Act of 1933, and deemed filed under Rule 14a-12(b) under the Securities Exchange Act of 1934. Subject Company: Principal Investors Fund, Inc. File Number: 811-07572 ====================================================== WM GROUP OF FUNDS 1201 Third Avenue, 22nd Floor Seattle, Washington 98101 www.wmgroupoffunds.com October 27, 2006 Dear Investment Representative: As you probably know, WM Advisors and its affiliates are in the process of being acquired by the Principal Financial Group. The transaction is expected to close by year end. Because the transaction involves proposed mergers and reorganizations of the retail WM Funds and the WM Variable Trust Funds, all shareholders as of October 17, 2006 will be asked to vote and approve the proposals via proxy before the transaction can be completed. The following is an expected timeline of events associated with the proxy mailings and shareholder meeting: October 17, 2006: Record date for WM Fund and WM Variable Trust Fund proposals October 31, 2006: Proxy statements and proxy ballots mail to WM Fund shareholders November 15, 2006: Proxy statements and proxy ballots mail to WM Variable Trust Fund shareholders December 15, 2006: Shareholder meeting date for WM Funds and WM Variable Trust Funds The Board of Trustees of the WM Funds and Variable Trust has unanimously approved the fund mergers and reorganizations and believes they are in the best interest of shareholders. Each of these proposed fund transactions is expected to qualify as a tax-free "reorganization" for federal income tax purposes. As a valued investment professional, your assistance in encouraging your clients to vote on the proposals is appreciated. You may view, download, and print copies of both proxy statements by visiting our Web site at wmgroupoffunds.com. The Variable Trust proxy will be available November 15. We are extremely excited about the prospects of joining the Principal Financial Group and the opportunities that lie ahead for all of us. If you have any questions in the meantime, please do not hesitate to call our Sales Support Hotline at 800-787-1621, option 2. Sincerely yours, /s/ William G. Papesh William G. Papesh President The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any fund, nor is it a solicitation of any proxy. For more information regarding the funds, or to receive a free copy of a proxy statement relating to the proposed reorganizations containing important information, please call 800-247-4123 or visit wmgroupoffunds.com. The proxy statement will also be available for free on the Securities and Exchange Commission's Web site at www.sec.gov. Please read the proxy statement carefully before making any investment decisions. The WM Group of mutual funds is advised by WM Advisors, Inc., distributed by WM Funds Distributor, Inc., and sold through WM Financial Services, Inc. (all affiliates of Washington Mutual, Inc.) and independent broker/dealers. For Broker/Dealer Use Only -----END PRIVACY-ENHANCED MESSAGE-----